Diageo boss ‘drastic’ Dave Lewis eyes £20m pay deal as 2,000 jobs slashed Hospitality Diageo boss Sir Dave Lewis could take home as much as £20m in pay for the next year, it has emerged, while the drinks giant sheds 2,000 staff. The chief executive of the Guinness and Smirnoff maker could make as much as £20m in the year to June 2027, though he is more likely to [...]
Will Drastic Dave live up to his name at Diageo? Retail Putting the finishing touches to Diageo’s annual report, Sir Dave Lewis may be channelling the old slogan of the drinks giant’s prize brand, Guinness: ‘Good things come to those who wait’. Since Lewis began his tenure as chief executive of the FTSE 100 firm on New Year’s Day, investors have heard very little from him. [...]
Diageo slashes dividend as ‘Drastic Dave’ takes charge Markets Guinness maker Diageo has slashed its dividend as the cost-cutting regime of new chief executive ‘drastic’ Dave Lewis begins to take hold, prompting a share price spook. The board announced the “difficult” decision to cut its dividend to 20 cents to “accelerate the strengthening” of its balance sheet in its interim results, the first financial [...]
Diageo shares slide on profit warning after weak Chinese demand November 6, 2025 Shares in FTSE 100 drinks giant Diageo have fallen after weak demand in China and the US hurt sales and profit expectations. The group said its operating profit growth was set to be in the low to mid single-digit range for the year to June 2026, down from its previous guidance of mid single digits. [...]
Splitting the G: Is Diageo gearing up to sell off Guinness? May 19, 2025 Drinks giant Diageo has announced a huge cost-savings programme which may see it shed brands and jobs. In an update to markets this morning, the Guinness and Johnnie Walker owner said it planned to save $500m (£373m) over the next three years through “appropriate and selective disposals” as well as tighter capital discipline and organic [...]